the ff costs were accumulated by Dep.

2 of hughes company during april:

Beg. Inv.
current period cost

Cost transferred from Dept.1

17,080
184,000
201,050

Material
34,000
34,000

Production from april in Dept.2 (in units):

WIP-April1
Completed and Transferred
WIP- April30

2000, 60% complete

20,000
5000, 40% complete

Materials are not added in Dept.2 until the very end of processing Dept.2
Requires: compute the cost of units completed and the value of ending WIP for:
a. wieghted average inv. Assumption
b. fifo inv. Assumption

weighted average:
Conversion Cost
Total
5,450
22,500
104,000 322,000
109,450 344,500

quantity schedule:
WIP, beg
started this period (received from preceeding dept)
total units to be accounted for

C&T
WIP, e
Total

Physical transferred-in
20000
20000
5000
5000
25000
25000

Cost to be accounted for:

ding WIP for:

trans-in
mat
cc
total

total
per eup
201050
34000
109400
344500

8.042
1.7
4.975
14.717

Cost as accounted for:

C&T (20000 @ 14.717)
WIP, e:
Trans-in (5000 @ 8.042)
mat (0 @ 1.700)
cc (2000 @ 4.975)
total
FIFO:
quantity schedule:
WIP, beg
started this period (received from preceeding dept)
total units to be accounted for

WIP, b
S&C
WIP, e
Total

Physical transferred-in
2000
0
18000
18000
5000
5000
25000
23000

Cost to be accounted for:

last period
current period:
trans-in
mat
cc
total

total
per eup
22500
184000
34000
104000
344500

8.00
1.70
5.00
14.70

Cost as accounted for:

C&T
WIP, b
last period
current period:

S&C (18000 @ 14.70)

WIP, e:
trans- in (5000 @ 8.00)
mat (0 @ 1.70)
cc (2000 @ 5.00)
Total

weighted average:

2000
23000
25000

preceeding dept)

Materials
eup
%
100%
20000
0%
0
20000

CC
eup
100%
20000
40%
2000
22000

(201050/25000)
(34000/20000)
(109400/22000)

294340
40210
0
9950

50160
344,500

FIFO:

preceeding dept)

2000
23000
25000

Materials
CC
eup
%
eup
100%
2000 40&
800
100%
18000
100%
18000
0%
0
40%
2000
20000
20800

(184000/23000)
(34000/20000)
(104000/20800)

22500
mat (2000 @ 1.70)
cc (800 @ 5.00)

3400
4000

40000
0
10000

29900
264600

294500

50000
344500